00000nam 2200000 4500 INLIS000000000010765 20221128092311 0010-1122000107 ta 221128################g##########0#eng## 1-56662-993-4 330.121 330.121 KAT f Avery Wiener Katz Foundations of The Economic Approach to Law / Avery Wiener Katz New York : Foundation Press, 1998 xiii, 442 hlm ; 27 cm Economy and Law It begins with an introductory chapter on the building blocks of economic analysis: the model of rational choice, which provides economics with its descriptive theory of human behavior; the concept of efficiency, which provides its primary normative criterion; and the idea of positivist social science, which provides the underlying pragmatic justification for distinguishing between fact and value and for constructing simplified models of the world. The succeeding chapter introduces and compares the two main "schools" of law and economics-often caricatured as "Chicago" and "non-Chicago"-which I present as alternative economic models of legal relations, based on differing assumptions about the relative institutional efficacy of private exchange and governmental regulation. 07696/MKRI-P/XII-2007